We’ve blogged about Seedcampbefore, the program that aims to provide a catalyst for Europe’s next generation of entrepreneurs. Seedcamp’s CEO, the charismatic Reshma Sohoni, sent word that the deadline for the applications is rapidly approaching. If you’re a EMEA-based startup looking to engage with an impressive number of investors and mentors for an entire week, you have less than two weeks to submit your application (more specifically until August 10).

And why should you do this? Well, if you’re one of the lucky 20 startups to get selected, you’ll not only spend a week in London with some of Europe’s top minds, but you’ll also be eligible to receive seed funding to the amount of €50K each (for 5 teams, in exchange for a 10% stake). Seedcamp does not require preferred stock, board rights, or other rights often required by institutional investors.

If you win, you have to be prepared to spend 3 months in London, where you will be ‘helped and nurtured’ so you can grow your product and or business with the aid of a whole battery of advisors.